Valmark Advisers Inc. Acquires 358 Shares of Honeywell International Inc. (NASDAQ:HON)

Valmark Advisers Inc. lifted its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 8.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,697 shares of the conglomerate’s stock after acquiring an additional 358 shares during the quarter. Valmark Advisers Inc.’s holdings in Honeywell International were worth $985,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Rakuten Securities Inc. bought a new position in Honeywell International in the fourth quarter worth $31,000. Cordant Inc. bought a new position in Honeywell International in the fourth quarter worth $31,000. Financial Connections Group Inc. bought a new position in Honeywell International in the fourth quarter worth $37,000. TFO Wealth Partners LLC raised its holdings in Honeywell International by 105.6% in the third quarter. TFO Wealth Partners LLC now owns 222 shares of the conglomerate’s stock worth $41,000 after purchasing an additional 114 shares in the last quarter. Finally, Wetzel Investment Advisors Inc. bought a new position in Honeywell International in the fourth quarter worth $48,000. Institutional investors own 75.91% of the company’s stock.

Wall Street Analysts Forecast Growth

HON has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $215.00 price objective (down previously from $227.00) on shares of Honeywell International in a report on Tuesday, April 16th. StockNews.com downgraded Honeywell International from a “buy” rating to a “hold” rating in a report on Friday. Barclays raised their price target on Honeywell International from $230.00 to $232.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Berenberg Bank upgraded Honeywell International from a “hold” rating to a “buy” rating and raised their price target for the company from $195.00 to $240.00 in a report on Wednesday, March 6th. Finally, Royal Bank of Canada reduced their price target on Honeywell International from $210.00 to $209.00 and set a “sector perform” rating for the company in a report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $219.67.

Insider Activity at Honeywell International

In related news, Director Darius Adamczyk sold 25,500 shares of Honeywell International stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $197.19, for a total transaction of $5,028,345.00. Following the sale, the director now owns 183,400 shares of the company’s stock, valued at approximately $36,164,646. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.41% of the stock is currently owned by insiders.

Honeywell International Stock Performance

Shares of Honeywell International stock traded up $0.43 during trading on Friday, hitting $193.45. 3,041,537 shares of the company’s stock traded hands, compared to its average volume of 2,666,853. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.66 and a quick ratio of 0.93. Honeywell International Inc. has a 1 year low of $174.88 and a 1 year high of $210.87. The stock has a market capitalization of $125.97 billion, a P/E ratio of 22.42, a PEG ratio of 2.21 and a beta of 1.02. The business has a 50-day simple moving average of $198.18 and a 200-day simple moving average of $196.34.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data on Thursday, April 25th. The conglomerate reported $2.25 EPS for the quarter, beating the consensus estimate of $2.17 by $0.08. Honeywell International had a return on equity of 35.88% and a net margin of 15.52%. The company had revenue of $9.11 billion for the quarter, compared to analysts’ expectations of $9.03 billion. During the same period last year, the firm posted $2.07 earnings per share. Honeywell International’s revenue was up 2.7% compared to the same quarter last year. As a group, analysts forecast that Honeywell International Inc. will post 9.96 EPS for the current year.

Honeywell International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a dividend of $1.08 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $4.32 annualized dividend and a dividend yield of 2.23%. Honeywell International’s dividend payout ratio (DPR) is presently 50.06%.

About Honeywell International

Honeywell International Inc engages in the aerospace technologies, building automation, energy and sustainable solutions, and industrial automation businesses in the United States, Europe, and internationally. The company's Aerospace segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; and thermal systems, as well as wireless connectivity services.